Horse racing betting involves placing wagers on the outcome of horse races. Bettors can choose from various types of bets, such as win, place, and show, which determine how they can win based on the horse's finishing position. The odds for each horse reflect its chances of winning, influenced by factors like past performance and track conditions. To participate, bettors can visit racetracks or use online platforms. They must understand the rules and types of bets available to make informed decisions. Successful betting requires knowledge of the sport, including the horses, jockeys, and trainers involved in each race.